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Foreign Investment & Restrictions in Vietnam
VIETNAM INSIGHT

Foreign Investment & Restrictions in Vietnam

As globalisation advances, Vietnam is increasingly recognised as an attractive and feasible destination for foreign investors to expand or establish operations.

Work permit exemptions in Vietnam: internal transfers
VIETNAM INSIGHT

Work permit exemptions in Vietnam: internal transfers

Under Vietnamese Labour Laws, companies in Vietnam seeking to employ foreign individuals are generally required to obtain a Work Permit for the individual before the individual can sign a Labour Contract and commence work. However, there are exemptions to

Updates to Vietnam Transfer Pricing March 2017
VIETNAM INSIGHT

Updates to Vietnam Transfer Pricing March 2017

On 24 February 2017, the Vietnamese Government issued Decree 20/2017/ND-CP (“Decree 20”) concerning tax administration for enterprises with related-party transactions. This is a significant release for Transfer Pricing (“TP”) and related-party transaction

Advice For Investors Starting a Vietnam Business
VIETNAM INSIGHT

Advice For Investors Starting a Vietnam Business

Foreign investment into Vietnam is a key driver for the Vietnamese economy – representing around 40% of the economic output, and accounting for greater than 70% of the country’s exports.

How to Use a Credit Card for Company Expenses in Vietnam
VIETNAM INSIGHT

How to Use a Credit Card for Company Expenses in Vietnam

The use of Credit Cards in Vietnam to pay company expenses has been an area of confusion and frustration until recently. Be it using personal cards for company expenses, or arranging company sponsored credit cards for the right individuals, the interpreta

10 Mistakes Foreign Investors Make After Starting a Company in Vietnam
VIETNAM INSIGHT

10 Mistakes Foreign Investors Make After Starting a Company in Vietnam

Establishing a company in Vietnam is a significant step for many foreign investors, and hopefully the beginning of a successful business undertaking. Anyone that has gone through the process of preparing for and submitting an IRC application (Investment R

Changes to Foreign Loans & Vietnam Bank Accounts
VIETNAM INSIGHT

Changes to Foreign Loans & Vietnam Bank Accounts

Changes were released earlier this year, affecting the recording and processing of foreign sourced loans by Vietnamese companies. This Client Update looks at what these changes mean to Vietnamese entities, and what business managers/owners need to be

Transferring Money From Vietnam: Options for Individuals and Companies
VIETNAM INSIGHT

Transferring Money From Vietnam: Options for Individuals and Companies

Individuals who have spent time in Vietnam appreciate that sending money into Vietnam is relatively easy (although, caution must be taken to ensure that inflows are correctly documented, otherwise those inflows may be taxed as revenue/income), but getting